NASDAQ$CRDF

Cardiff Oncology Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 financial results and provided a business update.

Cardiff Oncology reported continued progress in their Phase 1b/2 trial for KRAS-mutated mCRC, demonstrating promising objective response rates and progression-free survival. They strengthened their leadership team and anticipate multiple data readouts from clinical programs and IITs in 2023. The company's strong cash position is expected to fund operations into 2025.

  • Phase 1b/2 trial in KRAS-mutated metastatic colorectal cancer continues to show lead candidate onvansertib demonstrates an objective response rate, durability and progression-free survival that substantially exceed those seen in historical control trials
  • Strengthened leadership team with appointments of Fairooz Kabbinavar, MD, FACP, as CMO, Tod Smeal, Ph.D., as CSO and Charles Monahan, R.Ph., as SVP, regulatory affairs
  • Multiple data readouts expected from clinical programs and IITs in 2023
  • Strong cash financial position of approximately $105.3 million at December 31, 2022; projected runway into 2025

Headline financials

Total Revenue

$128K

Previous: $133K-3.8%
EPS (adj)

-$0.20

Previous: -$0.23+13.0%
Capital Expenditures

$75K

Previous: $107K-29.9%
Free Cash Flow

-$9.47M

Previous: -$7.5M-26.3%
Net Income

-$8M

Previous: -$9.44M+15.3%
Operating Income

-$9.39M

Previous: -$9.53M+1.4%
Gross Profit

$78K

Previous: -$29K+369.0%
Cash & Equivalents

$16.3M

Previous: $11.9M+36.9%
Total Assets

$116M

Previous: $150M-22.3%
Stock-Based Comp

$1.01M

Previous: $990K+2.2%

Revenue & EPS history

Cardiff Oncology · Revenue · Quarterly

$128K

Q4 2022-3.8%vs Q4 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Cardiff Oncology · $41K total across 1 segment · Q1 2026

  • Royalties
    $41K

Forward guidance

Cardiff Oncology anticipates several milestones in the near term, including data readouts from ongoing clinical trials and continued advancement of their ONSEMBLE Phase 2 trial.

Tailwinds

  • mPDAC data readout from Phase 2 trial expected Q2/Q3 ’23
  • SCLC data readout from investigator-initiated (with UPMC) Phase 2 trial expected Q2/Q3 ’23
  • TNBC data readout from investigator-initiated (with Dana-Farber Cancer Institute) Phase 1b/2 trial expected Q4 ‘23/Q1 ‘24
  • mCRC randomized data readout from Phase 2 ONSEMBLE trial expected Q3/Q4 ‘24

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+2.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.8%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+118.2%

Q4 2010

Best reaction

-21.2%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+3.6%-8.3%
Q4 2025+12.9%+14.1%-8.8%
Q3 2025-3.1%-0.4%-6.2%
Q2 2025-1.3%-24.2%-36.6%
Q1 2025+4.0%+2.5%+37.4%
Q4 2024+4.4%+5.2%-19.0%
Q3 2024-19.2%-17.6%-39.4%
Q2 2024+11.2%+5.1%-1.4%
Q1 2024-16.8%-21.7%-24.8%
Q4 2023+59.9%+100.5%+193.4%
Q3 2023+5.7%+3.8%+20.0%
Q2 2023-5.0%-8.3%-15.6%
Q1 2023+1.1%-4.8%-12.4%
Q4 2022+2.3%+7.6%-4.1%
Q3 2022-4.7%-10.7%+5.4%
Q2 2022+15.0%+30.0%+27.7%
Q1 2022-7.7%-11.9%-0.7%
Q4 2021+7.1%+0.4%-5.6%
Q3 2021-5.1%-3.6%-14.1%
Q2 2021+15.0%+19.4%+51.3%
Q1 2021-5.5%-13.1%-24.5%
Q4 2020+0.6%+8.0%-3.1%
Q3 2020+10.6%+5.8%+26.6%
Q2 2020-14.6%-10.2%-3.4%
Q1 2020+0.8%+6.7%+167.5%
Q4 2019-2.8%+12.8%-24.1%
Q3 2019+1.8%+2.4%-20.8%
Q2 2019-4.1%-10.0%+10.6%
Q1 2019-8.1%-11.2%-11.2%
Q4 2018+25.2%+47.0%+18.2%
Q3 2018+6.7%+4.0%-6.7%
Q2 2018-1.2%-1.2%+0.0%
Q1 2018+0.0%-3.6%-47.3%
Q4 2017-6.2%-3.1%+6.2%
Q3 2017-1.5%-4.4%-26.5%
Q2 2017-7.1%+1.2%-13.1%
Q1 2017-5.0%-1.2%+1.3%
Q4 2016-21.2%-28.5%-37.0%
Q3 2016-5.6%-15.5%-29.6%
Q2 2016-6.6%-0.4%-11.0%
Q1 2016-3.7%
Q4 2015-18.7%
Q3 2015+11.7%
Q2 2015-15.0%
Q1 2015+9.6%
Q4 2014+0.3%
Q3 2014-1.9%
Q2 2014+1.6%
Q1 2014-2.3%
Q4 2013+7.9%
Q3 2013+12.2%
Q2 2013-1.7%
Q4 2012-2.4%
Q1 2013-2.4%
Q3 2012+2.3%
Q2 2012-6.5%
Q1 2012+8.8%
Q4 2011-3.9%
Q3 2011-17.1%
Q2 2011+0.0%
Q1 2011+0.0%
Q4 2010+118.2%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+13.2%

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